In May, the number of new listings dropped significantly which offset the reduced number of Pending Sales for the month. What is really interesting is the number of inactives/withdrawns/expireds for the month. I ran the inventory report for each city and the inventory did drop in most cities because of this.

I’m in Seattle right now helping my daughter find an apartment (she’s moving up here later this month). I’ll be updating all the reports on Slowatch.com later in the week when I get back.I’m also going to do a bit more investigation to see where all inactives/withdrawns came from. Were they more in the high-end, mid-range, low-end?? That’s what I’ll be interested to find out!